GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fabrinet (NYSE:FN) » Definitions » EBIT
中文

Fabrinet (Fabrinet) EBIT : $274 Mil (TTM As of Dec. 2023)


View and export this data going back to 2010. Start your Free Trial

What is Fabrinet EBIT?

Fabrinet's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $73 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $274 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fabrinet's annualized ROC % for the quarter that ended in Dec. 2023 was 28.81%. Fabrinet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 32.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fabrinet's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.09%.


Fabrinet EBIT Historical Data

The historical data trend for Fabrinet's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fabrinet EBIT Chart

Fabrinet Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 131.61 122.29 151.58 207.40 261.57

Fabrinet Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 64.65 63.87 67.36 70.21 72.94

Competitive Comparison of Fabrinet's EBIT

For the Electronic Components subindustry, Fabrinet's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fabrinet's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Fabrinet's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fabrinet's EV-to-EBIT falls into.



Fabrinet EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $274 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fabrinet  (NYSE:FN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Fabrinet's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=276.056 * ( 1 - 5.2% )/( (903.726 + 913.271)/ 2 )
=261.701088/908.4985
=28.81 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2019.221 - 444.729 - ( 670.766 - max(0, 455.433 - 1691.961+670.766))
=903.726

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2133.138 - 479.274 - ( 740.593 - max(0, 486.777 - 1806.363+740.593))
=913.271

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Fabrinet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=291.756/( ( (312.689 + max(576.466, 0)) + (311.786 + max(586.496, 0)) )/ 2 )
=291.756/( ( 889.155 + 898.282 )/ 2 )
=291.756/893.7185
=32.65 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(535.006 + 440.095 + 46.094) - (444.729 + 0 + 0)
=576.466

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(584.614 + 414.758 + 66.398) - (479.274 + 0 + 0)
=586.496

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Fabrinet's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=274.374/5395.009
=5.09 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fabrinet EBIT Related Terms

Thank you for viewing the detailed overview of Fabrinet's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Fabrinet (Fabrinet) Business Description

Traded in Other Exchanges
Address
C/o Intertrust Corporate Services (Cayman) Limited, One Nexus Way, Camana Bay, Grand Cayman, CYM, KY1-9005
Fabrinet is a United States-based company that is principally engaged in providing outsourced manufacturing services to original equipment manufacturers (OEM). These OEM customers are mainly companies in complex industries that require precision manufacturing capabilities. The company offers a wide range of optical and electro-mechanical manufacturing capabilities across the whole producing process. It helps its customers to manufacture various products, such as selective switching products, active optical cables, tunable transponders and transceivers, lasers, and sensors. The company generates the majority of revenue from North America and Asia-Pacific, with the rest from Europe.
Executives
Thomas F Kelly director 57 STEVENSON LANE, ATHERTON CA 94027
Edward T. Archer officer: EVP, Sales & Marketing 3736 FALLON ROAD #428, DUBLIN CA 94568
Csaba Sverha officer: Chief Financial Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Seamus Grady director, officer: Chief Executive Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Homa Bahrami director 4900 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Rollance E. Olson director 3736 FALLON ROAD #428, DUBLIN CA 94568
Harpal Gill officer: EVP & Chief Operating Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
David T. Mitchell director, 10 percent owner, officer: CEO & President 3736 FALLON ROAD #428, DUBLIN CA 94568
Darlene S. Knight director 4900 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Toh-seng Ng officer: EVP & Chief Financial Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Frank H Levinson director 3736 FALLON ROAD #428, DUBLIN CA 94568
Greg Dougherty director 40919 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538
Hong Q Hou officer: EVP & Chief Technical Officer
John Marchetti officer: Chief Strategy Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Paul Kalivas officer: Secretary & General Counsel 4104 24TH STREET #345, SAN FRANCISCO CA 94114

Fabrinet (Fabrinet) Headlines

From GuruFocus

Fabrinet (FN) CEO Seamus Grady Sold $600,145 of Shares

By GuruFocus Research GuruFocus Editor 10-05-2021

Fabrinet to Present at Needham Conference

By Business Wire Business Wire 11-10-2022

Fabrinet to Announce Third Quarter 2022 Financial Results on May 2, 2022

By Business Wire Business Wire 04-18-2022

Fabrinet Appoints Darlene Knight to Board of Directors

By Business Wire Business Wire 01-19-2022

Steven Scruggs Comments on Fabrinet

By Sydnee Gatewood 02-21-2022